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May 21, 2014 | Palo Alto, California: MetricStream, a market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions will participate in a panel discussion on ‘Synchronizing Business Strategy with Risk Appetite’ organized by the New York Chapter of the Risk Management Association (RMA) on May 21, 2014 in New York. Ms. Kristen Gantt, Regional Vice President GRC Solutions at MetricStream will share her insights on the imperatives of efficient risk management within businesses, and the advantages of timely detection and management of risks. Other industry experts will also participate in the discussion to shed light on the various challenges faced in managing risk today.

The financial crisis ushered in an increased sense of urgency and awareness amongst global financial institutions. A strong Enterprise Risk Management framework is imperative to protect the business and to uphold the expectations of stakeholders, amidst existing and evolving risks. Financial Institutions have to determine the risk appetite they are comfortable with, as well as address the impacts of an ever-changing organizational structure, mergers & acquisitions, new business ventures, rising usage of third party organizations, and both internal and external events. All of these areas are critical data points that must be incorporated within the firm’s broader Enterprise Risk Management program. Implementing sound ERM methodologies can help Financial Institutions identify a multitude of risks across various business units as it pertains to IT, legal, third party, compliance, and regulatory affairs. A strong ERM framework should be capable of linking an organization’s strategic goals to its business operations and management decisions for an increased level of awareness towards emerging risks.

During the event, Ms. Gantt will highlight methods to align business and risk strategies under ERM through quantitative risk appetite metrics. The session will also shed light upon the significance of a robust ERM program, as well as the different approaches to implementing a successful ERM strategy. This discussion will also offer a comprehensive understanding of the most pressing issues and key risk factors confronting the financial sector, in addition to some of the best practices to tackle them.

MetricStream’s Enterprise Risk Management strategies are designed to improve the level of transparency and help support the creation of a risk aware culture. MetricStream solutions, which won accolades as ‘Top ranked GRC offering - 2014,’ offer a federated ERM platform to facilitate the documentation of all risks faced, define controls to mitigate those risks, track risk profiles, access data through dashboards, and create remediation plans.

To learn more about the event, click here.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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